Page 204 - UBP - IR2020

FINANCIAL STATEMENTS
Notes to the financial statements
For the year ended June 30 2020
9 (a) INTANGIBLE ASSETS
COST
THE GROUP
Goodwill
Rs’000
134 103 -
-
-
-
134 103 -
-
-
-
134 103 128 671 -
-
-
128 671 -
-
-
-
-
128 671 5 432
5 432
THE COMPANY
Computer Software
Rs’000
26 821 1 527 4 4 415 -
-
32
763 11 593 (573) -
-
43 783
14 183 2 2 274 -
-
16 457 10 -
7 7 527 -
-
23 994
19 789
16 306
Computer Software
Rs’000
Total
Rs’000
196 347 26 777 6 259 (96) 349
229 636 35 262 (344) (1 749) 399
263 204
156 600 9 203 (42) 418
166 179 -
33 18 233 (1 579) 42 182 908
80 296
63 457 At July 01 01 2018
Additions 26 777 Work in progress 6 259 Write-off (96) Exchange differences 349
At June 30 2019 95
533 Additions 35 262 Transfer to investment properties (344) Write-off (1 749) Exchange differences At June 30 2020
AMORTISATION
At July 01 01 2018
Amortisation charge
Write-off (42) Exchange differences 418
At June 30 2019 37
508 Reclassification -
Transfer from plant and equipment 33 Amortisation charge
18 233 Write-off (1 579) 62 244
399
129 101
27 929 9 203 Exchange differences At June 30 2020
CARRYING AMOUNT At June 30 2020
At June 30 2019 42 54 237
74 864
58 025
The The carrying amount amount of of goodwill is is is allocated to to to to the the ‘Agriculture’ cash generating unit (‘’CGU’’) The The recoverable amount amount of of that CGU CGU CGU has been determined using the the the the the the fair fair value value value less less less costs to to to to to sell sell sell model which is is is similar to to to to to prior year Fair value value value less less less cost cost cost to to to to to sell sell sell is is is adjusted for with other assets and and liabilities of of of the the the the the the CGU CGU excluding the the the the the the fair fair value value value less less less cost cost cost to to to to sell sell sell of of of the the the the the the land No impairment was required as as a a a a a a a result of the the analysis The fair value less costs to to sell calculation is most sensitive to to the following main assumption:
Selling prices prices -
The prices prices are
obtained from the relevant bodies and adjusted for for expected changes for for future periods Management believes that reasonably possible changes in in in in in in the the the the above assumption will
will
not cause the the the the carrying amount amount of the the the the cash generating unit unit to materially exceed its recoverable recoverable amount amount amount amount A 5% decrease in in in in in in in in the the the the the the the unit unit selling price will
will
still result in in in in in in in in a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a recoverable recoverable amount amount amount higher than the the the the carrying amount amount amount The level level of the the the the fair fair value value hierarchy within which the the the the fair fair value value measurement is is is categorised is is level 3 204
-
UBP INTEGRATED REPORT 2020